{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-014498","form_type":"8-K","ticker":"IMAQ","cik":"0001846235","company_name":"International Media Acquisition Corp.","filed_at":"2023-11-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.006425+00:00","generated_at":"2026-06-08T01:27:18.444929+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IMAQ enters SPA to sell 75% of sponsor securities for $1; extends trust deadline to Dec 2","bullets":["Buyer JC Unify Capital acquires 4,125,000 insider shares and 597,675 private placement units for $1.00 total.","SPAC trust account extended to December 2, 2023 via $128,513.70 deposit; trust now holds ~$21.75 million.","Buyer to lend $1.3 million to SPAC at closing; existing officers/directors to be replaced by Buyer's designees.","Sponsor securities include 5.5M insider shares and 796,900 private placement units; 75% transferred.","Seller conditions include release agreements for liabilities up to $1.15M and payment of accrued expenses ~$961k."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-014498","json":"https://secwatch.observer/filing/0001654954-23-014498.json","markdown":"https://secwatch.observer/filing/0001654954-23-014498.md","text":"https://secwatch.observer/filing/0001654954-23-014498.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423014498/0001654954-23-014498-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423014498/imac_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T01:27:18.444929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"25a7c54ee3d5891328d441c7c0005bca2d83cfd0","claim":"International Media Acquisition Corp. entered into Securities Purchase Agreement with JC Unify Capital (Holdings) Limited valued at $1.00 (effective 2023-11-10).","evidence_excerpt":"On November 10, 2023, International Media Acquisition Corp., a Delaware corporation and a special purpose acquisition company (the “ Company ”), entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with JC Unify Capital (Holdings) Limited, a BVI company (the “ Buyer ”), Content Creation Media LLC, a Delaware limited liability company ( “Sponsor” ), and Shibasish Sarkar, ( “Seller” , together with the Sponsor the “Sellers” ), pursuant to which (i) the Sponsor agreed to sell, and the Buyer agreed to purchase, 4,125,000 shares of common stock and 597,675 private placement units of the Company, which represents 75% of the total Company Securities owned by the Sponsor (“ Transferred Sponsor SPAC Securities ”) for an aggregate purchase price of $1.00 (the “ Closing Cash Purchase Price ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1846235/000165495423014498/0001654954-23-014498-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"JC Unify Capital (Holdings) Limited"},{"label":"Value","value":"$1.00"},{"label":"Effective","value":"2023-11-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}